Category: Illinois | Foreclosure - page 2

For many people, their home is their largest asset, so there are often questions about what happens to your house during bankruptcy. The experienced attorneys at Debtstoppers can help answer all your questions and guide you through every step of the process. Can You File Bankruptcy and Keep Your House? ...............

Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who is not making payments. This is typically done by forcing the sale of the asset used as collateral for the loan, often a house or property. Foreclosure usually...............

The state of American household credit, simply put, is not great. While some households have managed to hold on to the cash reserves they built up during the pandemic, a growing number are falling behind on credit cards and car payments. Texas, a prominent example, is slipping at a worrying............

A recent investigation by ProPublica titled "The Ugly Truth Behind “We Buy Ugly Houses”" has unearthed alarming facts about HomeVestors of America, the largest cash homebuyer in the United States. The article, written by Anjeanette Damon, Byard Duncan, and Mollie Simon, exposes a web of deceptive...........

In May of this year, the United States experienced a sharp increase in foreclosures, with 35,196 filings - a 7% increase from the previous month and a 14% year-over-year increase. This spike is primarily tied to the unclogging of distressed properties' pipeline as Covid-related moratoriums have been lifted..........

When facing financial difficulties, homeowners may find themselves in a situation where they are unable to continue making their mortgage payments. In these cases, three potential options for dealing with the property are foreclosure, short sale, or bankruptcy to eliminate other debts and allow the homeowner to reinstate the mortgage over time. While all three options can have significant implications for the homeowner, there are crucial differences between foreclosure and short sale that are important to........

Buying a home is a significant investment that comes with a long-term financial commitment. But what happens when unexpected financial challenges make it difficult to keep up with your mortgage? That's where a modification can come into play.In this blog post, we'll explore the basics of loan modifications on.......

Are you at risk of losing your home? Facing foreclosure can be an emotionally and financially difficult situation that leaves many feeling stressed, confused, and helpless. However, understanding how long each step will take can help demystify the situation. In this blog post, we'll look......

If you are considering filing for bankruptcy, it’s important to understand how property liens are handled in the process. Although bankruptcy does not automatically remove a lien on property, it does provide you with options for dealing with it Learning about the law before you file can help you......

Dealing with a mortgage can be overwhelming and stressful, particularly when you find yourself at risk of foreclosure. Trying to figure out all of the paperwork, regulations and deadlines involved can seem insurmountable, especially if you're trying to modify your current loan. This is where hiring an attorney.....